phenomena, blackberry and iphone. now samsung increasingly is leading. and you can lose whole industries that way. other industries: the batteries in cars, the manufacturing of the cells. that's something that's coming to be dominated by the asians. hybrid vehicles and so forth. there's a reason those things didn't happen first in the united states. >> tom: american innovation and competition around the world. peter morici with us, he's with the university of maryland. thank you professor. >> take care. >> susie: selling the holidays to the world. mike hegedus found a company that's thriving despite intense competition from outside the united states, and also making its signature products right here in america. for the barrango corporation, every day is christmas. >> reporter: you wouldn't know it, but what you're watching is american ingenuity on display for the whole world, a blueprint to recovery for u.s. manufacturing. actually, it's only in guatemala city, but it was conceived, designed and made in america. the world's largest christmas tree-- 8,300 branches, over 1.5 million l.e.d.